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Mar 5, 2013 4:00am EST
have been what we would consider to be the gateway markets, new york, san francisco, boston, etcetera. the sectors that have been most compelling would probably be up until this point the apartment sector, where because of the fallen home ownership, because of demographics, up until this point. and i think one of the things we are looking for is when there will be a turn in that. because, in truth, house sg more affordable today in the u.s. than it's been in almost any time in the post war period. >> but you're saying at this point that the argument for investing in apartments because of those demographic factors and otherwise is ending and it's time to maybe shift back. what do you think is the best way to play the real estate sector generally right now? >> i would say with respect to the apartment sector, which has been a favored sector of institutional investors, our view has gone from bullish to balanced. it's still an interesting sector, but it's not nearly the opportunity it was several years ago. i think most people are trying to figure out, similar to the great rotation you we
Mar 6, 2013 4:00am EST
.e. but at a lunch last week, san francisco fed president john pms spoke. we heard from ben bernanke twice in his testimonies. they're going to keep q.e. going into the second half of the year. the talk of tapering i think is reflecting the concerns of those who really don't have a vote. only esther george has a vote at the present time. she's descended -- >> trying to carry out the legacy. >> absolutely. and you know, the city fed carries an important message, represents the heartland of the u.s. they've seen the impact on quantitative easing on -- >> unfortunately they're not getting much in terms of ben bernanke's ear. how strong will the jobs report friday have to be in terms of making people reprice and earlier fedex it? >> it's about the unemployment rate. with the unemployment rate still at 7.9% and the fed saying it has to get to 6.5% before they'll consider raising rates, you need a number of very strong employment report before we start repricing that from 2015. >> where's your view? where do you think the unemployment rate is at this point? >> what's interesting is, it's less about the
Search Results 0 to 1 of about 2